The Impact of the Opening Policy of the COVID-19 on Catering, Tourism and Hotel Industries

Abstract

On December 7, 2022, China officially released management of the COVID-19, and the economic level of various industries began to gradually rebound, and people's consumption levels also gradually improved. In the consumer industry, the recovery of the catering, tourism, and hotel industries was first perceived by the market. In order to explore the impact of the COVID-19 liberalization policy on these three industries, this paper used the ARIMA model to analyze the stock closing price data of the industries before the COVID-19 liberalization, simulated the stock price trend without the implementation of the COVID-19 liberalization policy, and compared it with the actual stock price. Through the analysis, it was found that the policy of comprehensive COVID-19 control has promoted the economic development of China's catering, tourism, and hotel industry. The economic situation of all three industries has rebounded to a certain extent. Especially for the catering industry, the promotion effect is most obvious, followed by the hotel industry, and finally the tourism industry. The research in this article can help the government better respond to the current economic recovery situation, propose corresponding incentive policies, and promote the healthy development of China's catering, tourism, and hotel industries.